Wasserstein, which has offices in New York and Los Angeles, will pay $14.15 per share, representing a 21.9 percent premium over Globecomm’s (Nasdaq: GCOM) closing price on Jan. 14, the day the Hauppauge-based company announced it had hired Needham & Co. to explore strategic alternatives.

Globecomm’s shares were down 3 percent to $13.97 a share Monday afternoon.

"We believe that this transaction is in the best interest of our shareholders, customers, partners and employees,” Globecomm Chairman and Chief Executive David Hershberg said in a statement. “Wasserstein & Co. has a proven track record of helping companies build on their success.”

"Globecomm is a leader in developing and managing complex communications solutions with a strong track record of growth and innovative engineering that leverages its global communications network," said Anup Bagaria, Wasserstein co-managing partner. “Globecomm has also made successful investments in new product development that we believe will drive future growth in both the company's existing and new markets.”

Based on preliminary financial results, Globecomm said it expects to achieve a profit of 66 cents per share on revenue of $319.6 million for the fiscal year ended June 30. It also forecast services segment revenue of $199.1 million and adjusted earnings before interest, taxes, depreciation, and amortization of$38.4 million.

The transaction was unanimously approved by Globecomm’s board and is expected to be completed in the fourth quarter, subject to governmental and stockholder approvals.

Wasserstein said it plans to finance the deal through a combination of cash provided by affiliates and other co-investors, as well as debt financing.